De facto currency

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A de facto currency is a unit of money that is not legal tender in a country but is treated as such by most of the populace. The United States dollar and the European Union euro are the most common de facto currencies.


Andorra used the Euro unofficially prior to June 2013, at which point the Euro became its official currency. The Euro remains the de facto currency in Kosovo and Montenegro

United States dollar[edit]

Countries using the United States dollar as their de facto currency include Aruba and Cambodia, where most hotels, restaurants, and transportation are priced in dollars;[1] Dominican Republic where it is acceptable in many places, including airports to pay temporary visa fees for non-US/Dominican visits; Iraq, where United States commercial, governmental and military involvement due to the Iraq War and the Iraqi Dinar's low value has made the US dollar highly preferred;[citation needed] East Timor, Lebanon[citation needed], and Panama[citation needed].

Russian ruble[edit]

The disputed territories of Abkhazia and South Ossetia and have the Russian ruble as their de facto currency.

South African rand and Botswana pula[edit]

Due to hyperinflation in Zimbabwe in 2006 to 2008, the government of Zimbabwe has allowed circulation of foreign currency since September 2008 and local currency became obsolete since 12 April 2009. Both South African rand and Botswana pula circulate in Zimbabwe.

Canadian Dollar[edit]

The small French island of St. Pierre and Miquelon has the Canadian Dollar as its de facto currency.[2]